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The global anti-corrosion coatings Market is estimated to surpass $22.36 billion by 2023 growing at an estimated CAGR of

The global anti-corrosion coatings Market is estimated to surpass $22.36 billion by 2023 growing at an estimated CAGR of more than 5% during 2018 to 2023. These coatings are in high demand as they help to reduce corrosion, protect the valuable assets, and increase the efficiency of the machines. APAC is dominating this market with a share of approximately 50% in 2017 and generating revenue $8.91 billion in in 2017. It is expected to grow at a CAGR of more than 6.43% to reach $12.17 billion by 2023

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The global anti-corrosion coatings Market is estimated to surpass $22.36 billion by 2023 growing at an estimated CAGR of

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  1. Anti-Corrosion Coatings Market 2018 - 2023 The global Anti-Corrosion Coatings Market is estimated to surpass $22.36 billion by 2023 growing at an estimated CAGR of more than 5% during 2018 to 2023.

  2. Asia-Pacific with major share in the Anticorrosion Coatings Market Asia-Pacific dominates the AnticorrosionCoatings Marketforecast with a share of approximately 50% in 2018 and is slated to generate a revenue of $1.54 billion in 2018. The market for APAC is forecast to grow at a CAGR of 7.24% and will reach $2.32 billion by 2023, which is mainly attributed to the growing demand from the construction industry. Europe anticorrosion coatings market is scrutinized with respect to countries including U.K, France, Germany, Russia, Turkey and others. These regions are poised on the basis of its modesty in the automotive and aerospace industry. The total market for anticorrosion protection in Europe was $673.04 million in 2018 and is estimated to grow with a CAGR of 4.03% to reach $842.93 million during the forecast period of 2018-2023. Contact: sales@industryarc.com

  3. Anticorrosion Coatings Market Analysis done in the full Report: The global market for anticorrosion coating by base material was $18.79 billion in 2018 and is anticipated to see a surge during the prediction. The market will grow at a CAGR of 4.74% and to reach $24.40 billion till 2023. The major types of base materials used to protect from contact with water, high humidity, mist, salt and sand and other factors are as such epoxy, alkyd, acrylic and more. Epoxy paint based anticorrosion coating sector generated the maximum revenue of $7.51 billion in the overall anticorrosion coatings market at a CAGR of 4.75% to reach $9.31 billion by 2023. Contact: sales@industryarc.com

  4. Excerpts on Anticorrosion Coatings Market Growth Factors • Suppliers are working in the development of new improved product performance, by reducing the pricing factor coupled with product differentiation. This new entrant in the industry is prone to such fears for competitors and will be seen at a high growth rate. • The increasing oil and gas drilling and exploration activities in the recent past have been the indirect cause of the rising consumption of high performance anti-corrosion coatings. The upsurge of these activities has led to an urgent need for maintenance in the industrial equipment. This has spurred the demand for protective coatings that improve the lifespan of metal surfaces and prevent it from corroding or getting damaged due to weathering and harsh climatic conditions. Contact: sales@industryarc.com

  5. Key players of the Anticorrosion Coatings Market The key players operating in anticorrosion coatings market are AkzoNobel N.V., BASF SE, Diamond Vogel Paints, PPG Industries, The Sherwin-Williams Company and others. AkzoNobel N.V. is the leading supplier in the anticorrosion coatings market contributing to nearly 18% of the overall revenue. AkzoNobel through its broad range of products and constant product launches and innovation, such as Resicoat and Cromadex are consequently maintaining their hold over the market. PPG Industries Inc. has been successful in catering to industrial and manufacturing needs, but their strong hold in the oil and gas sector is the prime reason they are amongst the leading suppliers. Aqaupon, Speedhide, PITT-TECH, 8340/2320 are some of its products that are utilized across the globe. The other finding says that for coming years, PPG Industries is supposed to maintain its position in the market. Download Sample Report Contact:sales@industryarc.com

  6. You Can Customize the Report as Per Your Need. We have included Some Customization Options Key Contacts Analyst Briefing Company Profile Data Tables Contact: sales@industryarc.com

  7. About IndustryARC • IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. • IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business. Contact: sales@industryarc.com

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